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Want to know the secret behind top restaurants and retailers' success? Here's the lowdown ⬇️ #RetailStrategy 🔑 Same-Store Sales: The ultimate metric for organic growth, removing the impact of new store openings and closures. Strong figures indicate a winning concept. 🔑 RevPASH: Restaurants' secret weapon. It gauges revenue per available seat hour, helping operators optimise seating, pricing, and promotions. Unearthing these metrics gives insights beyond top-line figures like revenue. #RestaurantGrowth hashtag#SuccessMetrics

Exciting news from the frontlines of boosting profits in Chicago's vibrant hospitality industry! We started working with a new client this week, and the results are nothing short of game-changing. Even with commendable beverage costs, they discovered that hitting COGS targets wasn't enough to weather the storm of declining overall sales – a challenge many bars and restaurants in the city are facing. What was deemed "okay" in the past was no longer sufficient for the profits they aspired to achieve. Upon our intervention, we unveiled an 18.7% variance in their bar program. That's right – a weekly wholesale cost leakage of over $400, slipping through the cracks without being rung into their POS system. This oversight translated into a jaw-dropping loss of over $3,500 in potential sales EVERY WEEK! This success story begs the question: What's your variance, and how much are you unknowingly leaving on the table each week? 🤔 If you're ready to elevate your profits and transform your bottom line, let's connect. The numbers don't lie, and neither do the potential gains waiting for you. Your success story could be next! #ChicagoHospitality #ProfitTransformation #BarManagement #BoostYourBottomLine

My recent deep dive into the 2024 Texas QSR Market, a few key takeaways below. Expansion Remains a Key Focus – Established and emerging tenants alike have shown a keen focus on expanding their footprints. From QSR Magazine’s most recent annual QSR 50 report, 40 of the to 50 brands had posted positive store growth in the in the previous year. While growing tenants have also shown a continued focus on unit growth, for instance, Black Rock Coffee Bar who entered the Texas market in 2020 opened its 34th location in the state in the first half of this year. Coffee Dominates – In addition to Black Rock Coffee Bar similar coffee aligned tenants have seen strong inroads in 2024 with such as 7 Brew, founded just in 2017 opening its 45th location in the state.  While juggernauts in the sector Starbucks & Dutch Bros have seen a parallel growth trend having 34 and 17 new development locations currently on the market in Texas, respectively. In total coffee/beverage-oriented sites make up a current ±29% of available inventory in Texas. The Crunch for Sites Continues – As communicated extensively from retailers across all sectors earlier this year at ICSC the slow down in new developments as a result of increased construction costs has significantly driven upward demand for second generation retail sites. Net reported vacancies in the Texas QSR sector saw a 2.1% decline in the first half of this year. While on the sales end 2nd Gen QSR holdings have remained a competitive focus from developers and tenants alike. Click the link below to access and download the full article

From talking to #retailers, they have shared with me that it is either a really challenging time for #retail or an extremely great one ! While it’s sad to see Red Lobster file for bankruptcy, it also shows how bifurcated the market is. I would assert that high-end #restaurant chains are doing just fine, while mid tier and value chains are struggling in this economy without the right #marketing and #supplychain supports. DM me if you are looking to grow in this market!

For the past two days, my peers across our sales, product, marketing, customer success that support our retail and restaurant clients got together to share best practices, learn from each other, "sharpen the toolset" so to speak. It was a great time and even better getting to meet the ever growing team. Something stood out to me, this theme about "telling the whole story". As we talked about how operations, merchandising, loss prevention, consumer insights, marketing, real estate, and finance teams are using our data, it was clear everyone has a story they either want or need to tell. This is exactly what Placer delivers! Our latest QSR white paper is a great example of telling the whole story. Check it out! The QSR Dining Advantage

Ready for a Retail Rundown? Dive into local, regional, and national retail headlines in this fast-paced video including new retailers opening in Mid-Michigan, which restaurant is filing for bankruptcy, and what adaptability means in Retail. Let us know what you think. What do you think restaurants need to do to adapt? Carson Patten Martin Commercial Properties ICSC Site Source Retail Broker Network #cre #commercialrealestate #michigancre #midmichigancre #martinretailteam #martincommericalproperties

This past year saw dozens of brands closing dozens of restaurants, and predominantly involves well-established industry giants known for their longstanding market dominance. While store closures are commonly perceived as a response to shifting consumer preferences or challenging economic and operational conditions, they frequently represent strategic decisions. These closures can be part of a deliberate restructuring process aimed at sharpening the focus on profitability and long-term sustainability. 🔗 Access your free copy of the industry report here: https://lnkd.in/dEKrbxGH #marketintelligence #businessstrategy #brandclosures #operationalchallenges #strategicdecisions #businessinsights #industrytrends #marketmonitoring

Dunkin’ is the world's leader in baked goods and coffee chains, with over 10,000 locations across the United States. Typically located in high traffic areas, Dunkin' serves more than 4.5 million people per day. Dunkin’ is part of the Inspire Brands family of restaurants, which also includes Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, and Baskin-Robbins chains. Investors can anticipate an average lease term of 15-20 years with escalations of 8%-10% every 5 years on the base term. Dunkin’ shows average sales per store of just over one million a year. As a leader in the quick service sector, Dunkin’ is projected to remain a viable investment for years to come. Check out NNN Trends for continuously updated national cap rates, comparable sales, and consumer traffic on QSRs like Dunkin' and dozens of other retail net lease tenants! https://bit.ly/420chsT #CRE #CommercialRealEstate #QSR #RetailRealEstate #Restaurant

On this episode of The Drive in Five, see how the Beef Checkoff gets beef on menus and in shopping carts by working with retail stores, distributors, manufacturers and restaurants. Also, explore where it all begins for the Beef Checkoff – collections and how they work. #BeefCheckoff